On Friday, President Donald Trump announced a “massive scientific, industrial, and logistical endeavor” called “Operation Warp Speed,” to find, manufacture and distribute a proven vaccine against Covid-19, hopefully before the end of the year. To achieve this “great national project,” as Trump called it, will take a collaboration of American businesses, scientists, the federal government
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Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Check out the companies making headlines after the bell. Expedia — The travel booking platform’s stock whipsawed and climbed 4% in extended trading after the company gave its first-quarter financial results. Expedia reported a loss of $1.83 per share on revenue of $2.21 billion, while analysts expected
Ricky Sandler, founder and chief executive officer of Eminence Capital LP, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A hedge fund chief who had a bullish view of the stock market when
Tracy Singleton, owner of Birchwood Café in Minneapolis, Minnesota, remains cautious about reopening. “I don’t feel safe having people walk into my environment yet,” she says. Tracy Singleton Like many small business owners, Edgar Comellas, owner of Aces Wild Entertainment in Florida, has seen business grind to a halt since March. His company, which arranges
ozgurcankaya People short on cash could use a tax refund, yet millions of households continue to sit on last year’s tax returns. The taxman received 128.2 million individual income tax returns as of May 8, reflecting a 9.4% decline from a year ago, according to IRS data. At this time last year, 141.5 million taxpayers
Less than two months since Congress passed the CARES Act in response to the coronavirus pandemic, another massive economic relief bill made its way through the House. However, it still has an uncertain future in the Senate. The HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act is a $3 trillion bill that is designed
Getty With headlines fading from the House of Representatives passage of the HEROES Act last week, attention is shifting to the Senate where Republicans and Democrats alike have floated myriad proposals to include in a potential next round of coronavirus relief. Earlier today, a bi-partisan group of senators unveiled a plan to create a $4,000
As the world unexpectedly embraced work from home models this spring, home offices and video call backgrounds have become a hot topic. Social media, business articles, and even reputable brands are all buzzing about what our new residential workspaces look like; but no one is talking about how they should perform, and the omission of
Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday gets a more detailed look at the Federal Reserve’s most recent decision, with the release of the central bank’s
Lowe’s shares jumped Wednesday after the company reported better-than-expected earnings. Share prices rose more than 7% at during premarket trading, but shed gains after the open, trading up less than 1% in early trading. Here’s what Lowe’s reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The stock market rebounded from Tuesday’s late-session sell-off as investors grew more hopeful that the U.S. economy can continue to reopen after the coronavirus-induced shutdown. Solid retail earnings
The U.K. government’s treasury building Matthew Lloyd | Bloomberg | Getty Images The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks. In an auction Wednesday, the country’s Debt Management Office said it
Adam Levin, co-founder of Credit.com and founder of Cyberscout, says that the coronavirus shutdown provides a perfect environment for scammers to operate. Millions of people are working from home and sharing devices with family members. This creates new vulnerabilities for thieves to target. Watch this video to see how the new scams work and to
Most students can’t wait to get back into the classroom, even as more schools extend remote learning indefinitely. The University of Alabama system said it intends to return to on-campus instruction, while the California State University System announced that all students, enrolled on 23 campuses, will take fall classes online. Other schools have proposed a
CNBC’s Jim Cramer said Wednesday that governments forcing some retailers to close and others to stay open was “somewhat rigged” and has permanently damaged smaller businesses. “If you were Walmart, the thing you would most want to do is have the government shut down your competition, and that happened,” Cramer said on “Squawk Box.” Cramer’s
WASHINGTON, DC – MARCH 24: Sen. Marco Rubio (R-FL) talks to reporters after leaving a meeting with … [+] fellow Republican senators and Treasury Secretary Steven Mnuchin as negotiations continue on a $2 trillion economic stimulus in response to the coronavirus pandemic March 24, 2020 in Washington, DC. After days of tense negotiations — and
Telemarketer robocaller scam calling smartphone with woman holding telephone in house Getty Robocalls — no one can deny they’re a nuisance. For me, one positive result of the lockdown caused by the novel coronavirus crisis is that it seems like telemarketing businesses responsible for the robocalls aren’t making them. During these past few weeks, my
A classic gambrel-roofed summer home, Wildmoor has a storied history Rise Media for Sotheby’s International Realty “Wildmoor,” the original Bouvier family summer home in East Hampton, New York, has gone on the market for $7,500,000 million. One of the two fireplaces at Wildmoor Rise Media for Sotheby’s International Realty The Bouviers owned the house for
A person wears a protective face mask while walking with a bicycle in Domino Park in Williamsburg during the coronavirus pandemic on May 17, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis. “While we have a fast-growing digital business, it has